Foundations of Blockchain

Privacy enhancement

As we all know, Bitcoin maintains a history of the funds owned by accounts in transactions stored in blocks. Each transaction contains sensitive information, such as the sender's address, the recipient's address, and the value. All the data is used by every node in the network to verify the transaction before the block can be included in the blockchain. Bitcoin's decentralized verification forces the transparency of the transaction as there is no central authority.

Bitcoin's blockchain provides security against tampering with transactions even though they are visible to everyone. Although the blockchain secures the transactions from many attacks, it does not guarantee complete privacy to the account holders like other ...